Question

write off and waive off means?​

Answer 1

Explanation:

A write-off is a reduction of the recognized value of something. In accounting, this is a recognition of the reduced or zero value of an asset. In income tax statements, this is a reduction of taxable income, as a recognition of certain expenses required to produce the income.

Bank waive off is voluntary action of a person that removes that person's right or particular ability in an agreement. The waiver can either be in written form or some form of action